11-01-2006, 09:54 AM
Interesting article in Fortune Magazine regarding potential effect of housing market on economy.
"Can the economy survive the housing bust?
Real estate downturns have a way of leading to recessions and stock market slumps. So far the damage has been limited, but the numbers keep getting worse, says Fortune's Jon Birger."
By Jon Birger, Fortune senior writer
November 1 2006: 11:48 AM EST
http://money.cnn.com/magazines/fortune/f...2006110111
"Can the economy survive the housing bust?
Real estate downturns have a way of leading to recessions and stock market slumps. So far the damage has been limited, but the numbers keep getting worse, says Fortune's Jon Birger."
By Jon Birger, Fortune senior writer
November 1 2006: 11:48 AM EST
http://money.cnn.com/magazines/fortune/f...2006110111